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Fundamental Analysis
EURUSD
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[QUOTE="Terry_8, post: 185907, member: 65834"] EURUSD TRADES FLAT NEAR MID-1.16 HANDLE, FOCUS ON US DURABLE GOODS ORDER DATA [ATTACH type="full"]17002[/ATTACH] EURUSD is trading near the 1.165 neighbourhood in the early Asian hours on Friday as market participants await the US Durable goods order data that could potentially lead to volatility in the pair. As of now, the EURUSD is trading flat to positive at 1.1670 level, up by 0.02%. Meanwhile, US House Democrats reportedly said to unveil a new $2.2 trillion US stimulus relief package to support the economy suffering from the devastating effects of the coronavirus pandemic. As per reports, the COVID-19 cases have surpassed the worrisome 32 million mark worldwide, with 987K fatalities. Coming onto the previous session, EURUSD initially touched the weekly low of 1.1626 level in response to the second wave of coronavirus prevailing across Europe that prompted France and Spain to prepare for tighter restrictions. However, later in the day, the pair managed to rebound from the day’s low following a surge in the equities markets and dismal US data. The US Initial Jobless Claims data stood at 870k, much worse than the market expectation of 843k, therefore, hampering the demand for the greenback. Consequently, the pair settled the day at 1.1667 level, up by 0.07%. Today’s economic docket highlights the Eurozone Private Loan’s data, US Core Durable Goods Order data, and speech of FOMC Member Williams that could significantly impact the pair’s performance. SOURCE FXVIEW FB: [URL="http://www.facebook.com/fxviewdotcom/posts/220707286138312"]www.facebook.com/fxviewdotcom/posts/220707286138312[/URL] [/QUOTE]
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